“One of QLD’s Leading KFC Stores’ - Renewed Lease to Fast Food Retail Giant

Description

+ Renewed Five (5) year lease to December 2024 plus option to December 2029
+ Collins Restaurants Queensland Pty Ltd: wholly owned subsidiary of ASX listed Collins Foods Ltd, Market Cap of $1.15 billion (August 2020)
+ Long proven performing KFC store established 30+ years
+ Massive year on year sales growth – trading well above turnover threshold
+ Annual rent reviews plus generous 5% of turnover above threshold
+ Tenant pays all usual outgoings as per lease
+ Modern 300 sqm building including thriving drive thru
+ Irreplaceable 1,828 sqm Local Centre – ‘Precinct’ zone corner site
+ 14 car parks on title, plus seamless integration to adjoining shopping centre
+ Prime corner on major retail strip with 33,000+ vehicles passing daily and 35,964 residents within 3km
+ Blue chip location opposite Morayfield Shopping Centre (159 retailers/6.2M visitors pa), First Choice Liquor and close to Bunnings, McDonald’s, Supercheap Auto, Hungry Jack’s etc
+ Morayfield – Established residential suburb 40km from Brisbane CBD, part of Moreton Bay Region which is forecast to have a 50% population growth to 690,000 by 2041.
+ Net Income: $269,608 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

Do you own a similar property?

Enquire

Contact agents
Raoul Holderhead Partner
0413 860 304
Beau Coulter Partner
0413 839 898
Glenn Conridge Consultant
0413 873 337
Enquiry Form

Morayfield, QLD

154 Morayfield Road (corner Michael Avenue)

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 139

Contact agents
Enquire